What is the labor force participation rate in tatoonia

Reference no: EM131181424

The population of Tatoonia is very small. Luis works full-time for pay. Robin works one shift a week as counter help at a fast-food restaurant. Sheila is retired. Shawna does not work for pay, but is thinking about getting a job and has been looking through employment postings to see what is available. Bob has given up looking for work, after months of not finding anything. Ana, the only child in the country, is 12 years old.

a. How would a household survey, following U.S. methods, classify each person?

b. What is the labor force participation rate in Tatoonia?

c. What is the unemployment rate in Tatoonia?

Reference no: EM131181424

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